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Financial literacy roll-out continues with launch of second booklet for public education

Financial literacy roll-out continues with launch of second booklet for public education

The second edition of the Financial Education booklet for enhancing the public’s financial knowledge, as well as empowering Namibians to make better, informed financial decisions was launched this week by Nedbank Namibia and the Financial Literacy Initiative.

The launch of the new edition of the Nedbank Financial Education booklet also comes at a time when many people are facing financial hardships as a result of the COVID-19 pandemic.

As part of the roll out of the booklet, Nedbank Namibia and the Financial Literacy Initiative will conduct financial educations sessions with a number of selected Namibian institutions.

Head of Nedloans at Nedbank, Erastus Haihambo said that consumer protection was a fundamental principal for the creation of the booklet, adding that the principles of consumer protection, which includes treating the client fairly and encouraging responsible lending were foundational in both the creation of the booklet.

Financial Education and Consumer Protection and Secretariat Manager of the Financial Literacy Initiative, Ndeshi Shitenga said, the booklet has the potential to improve the lives of individuals and business people of Namibia, it can assist people to identify, choose and use the best financial products and services for their specific needs.

Nedbank Namibia is a platform partner and member of the Financial Literacy Initiative, which is a national platform under the custodianship of the Ministry of Finance, dedicated towards educating the public on money matters.

Head of Nedloans, Erastus Haihambo, and the Financial Education and Consumer Protection and Secretariat Manager of the Financial Literacy Initiative, Ndeshi Shitenga, holding the second edition of the Nedbank Financial Education Booklet.


 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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